Since Payoneer and US Paypal don't work anymore, is there any way to get a private US bank account online?
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No
All real American banks require you as a foreigner to personally walk in the door, sit down with a banker, verify your passport, creditcard and address.
Some banks, like Chase, even requires you to show that you have some type of US connection, like an employment, a rental agreement or similar documents before they even consider to open even a simple checking account for you.----------------------------------------------------------------------------------
The truth is not affected by the beliefs, or doubts, of the majority. -
it used to be easy pre 9/11, same as for anonymous bank accounts anywhere in the world
nowadays, i don't think so, US bank regulations stiffened around KYC and AML rules. if you find one though, please post here
solution that does work and the only method I believe: you can register a US company through some agent that handles corp registration, receiving and forwarding mail correspondence and then, they or you will be able to open a US business account for the corp with that address.
Also keep in mind you will need to pay income taxes for that business to Uncle Sam's IRS
You can open personal US bank account if you've got SSN and proof of US mail address in a form of utility bills or lease agreement to your name along with proof of identity.
dude, switch to bitcoins.
it's easy to get them now, even with a CC. and there are even bitcoin debit cards that work with regular ATMs. As well not that difficult to cash them out.Comment
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I had a word with a Delaware co agent. Seems to be fairly straight to open and pay each year. But I still don't understand how would i report income and do the books. Would probably need an accountant, but that stays behind the doors - they don't tell.Originally posted by holograph
So, I'm missing that part to make a decision.Русня, идите нахуй!Comment
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It would make sense to sign up to paypal USA as a domestic LLC. You want to come at these institutions as you are. I presume it will let you declare at least some owners as foreign nationals. Again though, very anal after 9/11 particularly in this regard. You could take your Delaware LLC and bank in Europe. I'd use representation in the States in any regard. The process is a fucked one no matter how you slice it and it's also intentionally expensive to an extent that can prove itself to be prohibitive.Comment
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you do your taxes, hiring your own accountant, no matter where you're banking at
if you have US LLC physically headquartered somewhere else, then, you will have to figure to whom you pay how much taxes.
i submit all accounts for biz: checking account, paypal, paxum to my accountant. used to epass too.
Paypal is anal though, they need proof of you and your biz. how that goes for foreign owners with US corps - that is something that you may need to research further.Comment
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Having a US / Delaware co I'd need a US accountant to file the Annual Report as I understand. How much does it usually cost? Also, running the books in the US/Delaware - what would that mean technically - how would I submit my operations to an accountant to prepare a Annual Report?
Before that happens - I will have to somehow open a US bank account remotely for that Delaware corp. Tell me it's easy to do.Русня, идите нахуй!Comment
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https://corp.delaware.gov/howtoform.shtml
https://www.delawareintercorp.com/
Delaware LLC | Delaware Bank Account | Opening a Bank AccountState fees and the first year's Registered Agent Fee. LLC = $189.00 CORP. = $188.00
Good one Sid.Summary of Requirements to Open a Delaware Business Bank Account in the US
You may be surprised to learn US banks do not all have the same policies to open a business bank account (aka corporate bank account or commercial bank account)! Despite these differences, there are a few things you can be sure the bank will request:
Articles of Incorporation or Articles of Formation
Passport of the person authorized to open the account
Employer Identification Number (EIN) - Allow 4-6 weeks prior to traveling to the United States
Certificate of Good Standing
Banking Resolution
Proof of US physical address - signed office lease
All banks in the United States require an "in person" visit by at least one signer. Travel is REQUIRED.
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Simple.comComment
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The problem starts here:
So, PayPal was an alternative before, it was possible to withdraw any USD PayPal income to a US Bank account ( provided by Payoneer ). Now, US PayPal does not allow US accounts that Payoneer gives out to the clients.
Next, since many US based clients, for some reason, don't understand the difference between ACH ( that is a type of payment Payoneer allows ) and Wire Transfer my US based payments bounce back. I need to teach people each time. Many simply refuse to do ACH, especially if its micropayments.
I need a normal solution for that.Русня, идите нахуй!Comment
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I know an option but it's pricey ... between $2k and $2.5 based on the services needed.Comment
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So there might be variations per country? Why France in particular is that hard on that?
Basically it may be a solution - being close to your bank its easy to operate.
If we take that as an imaginable company, is there any preference between having a Delaware LLC or any other US based one? - it's about the cheapest handling, reporting and taxation.Русня, идите нахуй!Comment
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I'm not sure what that Annual Report is about
hiring accountant (CPA) to do your annual taxes filing for small biz will run you somewhere in the range of $200-500
you could find one on linkedin, craigslist, etc., you send them your bank statements and any other accounts for the business and they care of the rest. you will need to be able to chat or have a call with them and go through transactions to properly classify them.
i'm thinking a registering agent in delaware should be able to take care of that for you or refer to someone.Comment
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Sergio, in short, does it make sense to have a Delaware co at all for the purpose of accepting US payments but banking in EU? I mean there is certainly a difference between Delaware and say NY LLC - but what is the difference for a non US citizen? Will I benefit somehow from having US income landing into a EU based Delaware company account comparing with NY registered one?Русня, идите нахуй!Comment
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You can theoretically pay less by having an American presence both corporately and for banking. Flip side is more regulations, laws, restrictions, travel/vetting, general scrutiny and potentially even taxes. If you want to minimize cost you need jurisdictions that offer tax exemption status and then you are just stuck with yearly fees, about $2k/yr on average give or take.Comment
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as I've said before, it doesn't matter where your bank is. unless your business has physical presence and doing business in another country you only have to take care of US taxes for the biz.
does it make sense to run such a set up? if you do good volume in revenue, sure. but also doing paypal paxum exchanges or such maybe a cheaper option then going though all that to be able cashout paypalComment
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each state is different. Delaware and Nevada are know as offshore zones for non US, for minimal taxes
you don't pay taxes on gross income in the states for businesses. you do expenses first, then tax on the restComment
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I did not understand at first the "physical presence and doing business" thing you said. That would be a US co that has no US office but who would accept US payments ( wire, paypal ) into a EU based account. I might need to ask if that is somehow leads to a local fees or taxes, i cant tell for sure.
That would be ace at some point, I know what you mean. But not many people would want to do PayPal->Payoneer, even with a 100% paypal.Русня, идите нахуй!Comment
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Tax exemption only occurs in havens.
https://en.wikipedia.org/wiki/Tax_haven
Delaware LLC | Delaware Bank Account | Opening a Bank AccountDid you know your Delaware Corporation or Delaware LLC can bank anywhere in the world? If you are not interested in banking in the US we suggest you contact a reputable international bank with a branch conveniently located near you to learn what their requirements will be to open a business bank account (also known as Corporate account or Commercial account). Typically, a bank located outside the US will require Articles of Incorporation, By-laws or Operating Agreement and Certificate of Incumbency or Power of Attorney. You can also expect the bank to require at least one of the documents to bear an Apostille or to be legalized by the consular office in Washington, DC. All of our International Incorporation and LLC Formation service packages include an Apostille or Gold Seal Authentication on the Certificate of Incorporation. If you will not have a US Source of Income, will not be banking in the US and will not have employees in the US, you are not likely to need an EIN.Comment
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Tax exemption only occurs in havens.
https://en.wikipedia.org/wiki/Tax_haven
Delaware LLC | Delaware Bank Account | Opening a Bank Account
"If you will not have a US Source of Income" - it would be dealing with the US customers paying via paypal or wire internationally. Is that a US source of income? I guess it is.Русня, идите нахуй!Comment
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Your US co will have a US address, presumably that what you'll be using to open accounts and doing business as.
Doing business elsewhere - like big companies that run headquarters, retail or manufacturing in other countries will have some tax obligations to those countries. You, on the other hand will be doing business as a US co with an US address, no matter where you are located personally, your own personal taxes is another matter though. having bank in US or EU doesn't make any difference in terms of taxes.
Paypal to Payoneer yeah, i feel ya. It's easier to get Paxum and do PP exchanges, although many complains recently around here re Paxum cannot be not worrisome, it feels like Paxum is struggling with their own banking set ups, unfortunately.Comment
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In the regards with the US co what do you mean? Say, I'd be the only co owner, but I'm not a US resident. What is considered my income dealing with the US co that pays tax in USA, the whole profit / part of it / expenses excluded? to report in the country of residence? Damn, that shit is complicated.Русня, идите нахуй!Comment
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not sure, i know you have to consider country of citizenship and country of residence, all this varies, with some countries you've got to pay to your country of citizenship, in some cases only to country of residenceComment
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one option might be to let some 3rd party take payments for you for a fee, might be a lot cheaper and easier than setting everything up yourself...Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
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well if you take money from a business card it should be justifiable as a business expense, because just like you said, it's company's finances.
if you take it for personal reasons and if by some chance you get audited by IRS, they surely will ask about those transactions, you may get a fine or will be asked to pay difference in taxes, maybe they will report you to your country's tax agency, who knows..Comment
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